The price of Bitcoin broke through the $100,000 mark on December 11th, with market experts attributing the rebound to positive macroeconomic data from the U.S. and bullish sentiment in the crypto market. The growth of stablecoins, which have surpassed a $200 billion market cap, is also fueling the rally. The surge in Bitcoin's price followed November's U.S. inflation data, which aligned with expectations and strengthened institutional interest in Bitcoin. Bitcoin's market dominance reached its highest level since early 2021 at 54%. Market analysts predict a significant move as Bitcoin approaches $105,000, with potential liquidation of over $2 billion worth of Bitcoin shorts, further fueling upside momentum. However, caution is advised due to the volatile nature of crypto markets.



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